Egyptian pound has gone through some volatility since it was floated in November 2016 until today.This could be broken down in 4 main phases as follows:

Phase 1: From floatation till June 2018

Phase 2: From June 2018 - December 2018

Phase 3: From January 2019 - February 2020

Phase 4: Coronavirus worldwide outbreak

Required:

1- what happened during each of the above 4 phases and explain in full details how these factors impacted the Egyptian exchange rate versus the Dollar.

-What made the Egyptian pound appreciate / depreciate in these phases. analysis should be based on how the Balance Of Payment components impacted the exchange rate